Morocco
0 Employees
-
Third-party revenues
$0
-
Related-party revenues
$3,042
-
Total revenues
$3,042
-
Profit before tax
$(4,551,046)
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$0
-
Stated capital
$0
-
Accumulated earnings
$0
Main Business Activities
- Upstream
Shell Exploration et Production du Maroc GmbH (SEPM) operates through a local branch and was a non-operating partner in the Tanfit exploration concession (Shell interest 37.5%). In late 2020, SEPM exited the Tanfit concession.
Country Financial Analysis
The statutory corporate income tax rate in Morocco is 10% to 37%, depending on type of activity and level of income.
Shell in Morocco paid no taxes for the year 2020 because of a loss position.
Branch
A branch is an office or business presence in a location other than where the corporate entity is established.
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Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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